U.S. states, manufacturers to decide if gov't benefits apply to imported baby formula

State officials and manufacuturers are working out whether baby formula imported from outside the United States to address severe supply shortages will be available to families who rely on government discounts to make it affordable, a U.S. Department of Agriculture (USDA) official said on Tuesday.

newspaper

24-05-2022

NY Fed sees 3-yr balance sheet rundown to $5.9 trln, slow MBS decline absent sales

WASHINGTON (Reuters) -The Fed's stock of Treasury bonds and mortgage backed securities is projected to decline by roughly $2.5 trillion by mid-2025, to about $5.9 trillion, when the central bank's run-off of assets is likely to be halted to maintain an adequate level of bank reserves, the New York Fed said on Tuesday.

newspaper

24-05-2022

Oil little changed in choppy trade; U.S. says export ban not ruled out

NEW YORK (Reuters) -Oil prices were little changed on Tuesday in choppy trade after the U.S. energy secretary said Washington has not ruled out export restrictions to lower fuel prices.

newspaper

24-05-2022

Pharmacy benefit managers' profits targeted by new U.S. bill

Senators Maria Cantwell, chair of the Commerce Committee, and Chuck Grassley, the top Republican on the Judiciary Committee, introduced a bill on Tuesday that would give the U.S. Federal Trade Commission more power to rein in pharmacy benefit managers, which administer pharmaceutical plans, Cantwell's office said.

newspaper

24-05-2022

NY Fed sees balance sheet falling $2.5 trln by mid-2025, when run-off stops

WASHINGTON (Reuters) -The Fed's holdings of Treasury bonds and mortgage backed securities is projected to decline by roughly $2.5 trillion by mid-2025 to roughly $5.9 trillion, when the central bank's run-off of assets is likely to be halted to maintain an adequate level of bank reserves, the New York Fed said on Tuesday.

newspaper

24-05-2022

OECD chief sees global digital tax deal pushed back to 2024

The Organisation for Economic Cooperation and Development (OECD) on Tuesday acknowledged for the first time that a global digital tax deal may take a year longer to implement.

newspaper

24-05-2022

European shares fall as business growth data deepens slowdown worries

(Reuters) -European shares ended lower on Tuesday, tracking declines in global stock markets with business expansion data for May renewing investor concerns over slowing economic growth and monetary policy tightening.

newspaper

24-05-2022

Billionaire Steyer backs climate tech firm Regrow Ag

Billionaire Tom Steyer and investment partner Katie Hall have led the latest funding round for technology start-up Regrow Ag, which aims to help accelerate the shift to climate-friendly farming.

newspaper

24-05-2022